After five years running operations at Twiga as CEO and executive director, Grant Brooke is stepping down from any active role at the company. Although he remains on the board, he has a new project in…
Startups
DriveMe, a one-stop fleet service shop, is simultaneously solving fleet management and driver-related problems
Despite numerous competition in Nigeria’s fleet management space, DriveMe is creating its own value by providing an all-round driving and fleet management experience for its customers and client…
Apply for Pitch Storm for a chance to win $10,000 for your startup
After hosting two editions of Pitch Storm at Techpoint Build, we are happy to announce the 2020 edition. A winner from either of the six participating countries across West Africa walks away with $10,…
Allegations against OPay’s parent company, Opera, and its other lending platforms are perhaps geared towards short-selling the company’s stock
Recently, several allegations were made by Hindenburg Research against Opera. While the Chinese-backed Internet company has denied them, it is noteworthy that Hindenburg owns stock in Opera and likely…
On-demand ride-hailing startup, CanGo closes down due to funding challenges
On-demand ride-hailing startup, CanGo, has reportedly stopped operations due to funding limitations. This possibly spells the end of the co-founders’ vision to own the first Super App in Central Afric…
Nigerian payments company, Paga acquires long-term Ethiopian software partner, Apposit
In a bid to kick-start its international expansion this year, Paga made its first move to Ethiopia by acquiring its long-term partner, Apposit. However, it seems this has been in the works for quite s…
For an all-inclusive work experience, coworking spaces might begin to adopt the night shift model
Coworking spaces have been around for a while and although they provide autonomy, sometimes, productivity can be stifled. Having considered this, some workspaces are beginning to introduce night shift…
Flutterwave secures $35 million, led by Greycroft with participation from Visa and Worldpay
Following its last raise in 2018, Flutterwave has gone further to raise a series B round of $35 million to expand to northern and Francophone Africa. This time, Visa and Worldpay participated.…
UPDATED: OKash loan feature removed from OPay app, amidst heavy backlash on its lending policy
OPay takes lending feature, OKash, off its app. This might be in response to reports that recently emerged stating that Opera’s lending businesses have been in constant violation of Google’s Playstore…
Cowrywise becomes the first Nigerian startup in the Catalyst Fund’s accelerator portfolio
Cowrywise has joined the list of 31 fintech startups accelerated by Catalyst Fund. It appears this latest addition may signal more investment prospects for Nigerian fintech startups in the next three …
How many African startups co-founded by women raised $1 million or more in 2019?
Based on a report by Briter Bridges, about 100 startups in Africa raised over $1 million last year. From the perspective of diversity, we take a look at how women fared in this discussion.…
Nigerian startups considering a merger or acquisition should worry about the integration phase
Merger and acquisition news can be exciting for startups. But what is not often discussed is that the integration phase can be equally challenging…
Highlights of Techpoint town-hall meeting with Peter Salovey, President of Yale University
On Thursday afternoon, Yale University President, Peter Salovey visited the Techpoint Africa HQ in Lagos, Nigeria for an interactive discussion with the technology entrepreneurship ecosystem. Here are…
How Femi Longe, co-founder of Co-creation Hub, wants to tackle unemployment in Africa with his new startup, Qiesto
After leaving Co-creation Hub, Femi Longe turned his sights to a new challenge, Qiesto. Here, he tells us how and why he is trying to solve one of Africa’s biggest problems: unemployment.…
Where does having fewer expat founders put the Nigerian startup ecosystem?
Public perception often ties foreign expat involvement in the African ecosystem with higher prospects. With Nigeria as a major outlier, this is really not the case…
President Muhammadu Buhari signs Finance Act into law: What it means for the tech ecosystem
On Monday, Nigeria’s Finance Bill was signed into law, effectively changing the tax regime for small startups and bank account holders, and could cause an upset for e-commerce in the country.…
Are motorcycle-hailing startups adopting offline methods in order to scale their tricycle verticals?
The emergence of motorcycle ride-hailing startups ushered in three-wheeled services last year. But unlike their predecessors, these services are likely easier to scale offline than online.…
Bankole Oluwafemi, editor-in-chief of TechCabal, leaves Big Cabal Media, the company he founded
After almost six years as founder of Big Cabal Media, Bankole Oluwafemi announces his departure from the company to seek new adventures.…
Nigerian mobile payment company, Paga, hires Ian Cleverly as its Group chief financial officer
With 15 years experience as CFO of different companies, Ian Cleverly gets hired by Nigerian payment company, Paga, as its new Group CFO to help with the company’s international expansion.…
What you need to know about Andela and Flutterwave co-founder, Iyin Aboyeji’s Future Africa Fund for startups
Future Africa recently announced the launch of three initiatives in its focus areas — capital, coaching, and community. We take a look at the Future Africa Fund, and this is what co-founder, Iyi…